BANGKOK, 9 August 2012 – The organizer of the Thailand International Motor Expo 2012 expects to sell up to 50,000 vehicles during the event in December, after the government gave a nod to the extension of the “First Car Buyer” policy.
To be eligible for the tax deduction, first car buyers can order a new car any day until December 31st this year; the government, meanwhile, has recently extended indefinitely the car delivery date, given a huge backlog of orders delays the deliveries.
Kwanchai Papatpong, Organizer of the Thailand International Motor Expo 2012 ,said the government’s move to extend the car delivery period will contribute positive result to the event this year. He has revised the previously targeted number of cars sold from 35,000 cars sold in the event to 50,000 cars, adding that the number of visitors to the event could reach 1.7 million.
Mr Kwanchai anticipated a 20-25% increase in auto sales in the event this year compared to last year’s, during which the nation was recovering from flood devastation.
The Thailand International Motor Expo 2012 will take place from November 29th-December 10th, 2012 at IMPACT Muang Thong Thani.